Friday, February 20, 2015

Does condo living on the Yonge St subway line cost more?

Published in www.MetroNews.caon February 19, 2015 by Duncan McAllisterBuying a Toronto condo close to the subway will cost you more

With the announcement of yet another hike in transit fares, Torontonians continue to have a tenuous relationship with the TTC. Commuters will soon be paying 10 cents more at the fare box, and a $93 annual increase for a monthly Metropass. One thing is certain, though: Living close to the subway is a top priority for many house hunters.

A Toronto online real-estate brokerage compared the costs of buying both houses and condos within a 10-minute walk from 21 main subway stations in Toronto and the results were quite eye-opening. In another interesting finding, condos along the Yonge line cost $150,000 more on average than on the University-Spadina line. The three most expensive stations to live near are York Mills, St. Clair, and Eglinton, all along the Yonge line.